| Over a week ago | ||||
41st Annual… 41st Annual Aerospace/Defense & Industrials Conference will be held in New York on February 12-13 with webcasted company presentations to begin on February 12 at 8:30 am; not all company presentations may be webcasted. Webcast Link | ||||
Cowen analyst Tyler… Cowen analyst Tyler Kenyon lowered his price target on Universal Stainless & Alloy to $17 from $21 and reduced his 2020 forecast due to lack of visibility on the 737 Max. The analyst said the tenets of his thesis which includes prospects for increased margins and free cash flow, a deleveraging via the ramp in premium products, and efficiency investments, remain intact. Kenyon maintained his Outperform rating on Universal Stainless & Alloy shares. | ||||
Universal Stainless &… Universal Stainless & Alloy Products announced a base price increase of 5% to 25% on all flat, square and hex bar products manufactured at its Dunkirk facility. The increase will be effective immediately for all new orders. Current material and energy surcharges will remain in effect. | ||||
Management said, "We… Management said, "We expect improved material cost alignment in 2020 compared to 2019, as the steady raw material price declines that negatively impacted 2019 margins have made their way into our material costs, and as a result, our melt costs are more closely aligned to surcharges. Lastly, we are continuing to assess the Boeing 737 Max production outlook and the potential impact on order entry activity." | ||||
Reports Q4 revenue… Reports Q4 revenue $55.2M, consensus $59.51M. | ||||
| Over a month ago | ||||
KeyBanc analyst Phil… KeyBanc analyst Phil Gibbs downgraded Universal Stainless & Alloy to Sector Weight from Overweight without a price target. The onset of aerospace distributor destocking activity "incrementally and strongly" will weigh on the company's Q4 and 2019 EBITDA, Gibbs tells investors in a research note. Further, the macro environment and recent inventory management may limit the unfolding of company-specific gross margin drivers, adds the analyst. | ||||
| Over a quarter ago | ||||
Reports Q3 revenue $56.6M… Reports Q3 revenue $56.6M vs. $69.06M a year ago. | ||||
Global Industrials… Global Industrials Conference will be held in New York on August 6-8 with webcasted company presentations to begin on August 6 at 8 am; not all company presentations may be webcasted. Webcast Link | ||||
Reports Q2 revenue… Reports Q2 revenue $71.0M, consensus $69.08M. | ||||
Universal Stainless &… Universal Stainless & Alloy Products announced a base price increase of 5% to 10% on all low alloy VAR quality bar products manufactured at its Bridgeville, Dunkirk and North Jackson facilities. The increase will be effective immediately for all new orders. Current material and energy surcharges will remain in effect. | ||||